GST on tobacco products

Last Updated:February 21, 2025, 20:20 IST Bank credit as well as deposits witnessed deceleration during the October-December quarter sequentially, showed Reserve Bank data released on Friday. RBI Bank credit as well as deposits witnessed deceleration during the October-December quarter sequentially, showed Reserve Bank data released on Friday. Bank credit growth (y-o-y) decelerated to 11.8 per…

Last Updated:February 20, 2025, 13:40 IST The Union Government may raise GST on cigarettes and tobacco from 28% to 40% and add an excise duty to maintain revenue. The current total tax is 53%, below WHO’s 75% recommendation In the 2022-23 financial year, tobacco products generated Rs 72,788 crore in tax revenue. (Representative/AP File) The…